Cosmic CRF Ltd

Cosmic CRF Limited has announced an Extra Ordinary General Meeting (EOGM) scheduled for Wednesday, September 2, 2026, at 3:00 PM IST, to be conducted via Video Conference/Other Audio Visual Means. The primary agenda is to consider and approve a special resolution for the further issue of up to 7,25,041 equity shares on a preferential basis. This issuance is intended for the acquisition of 30,71,025 (26%) fully paid-up equity shares of N. S. Engineering Projects Pvt. Ltd. through a share swap, aiming to make it a wholly-owned subsidiary. The company is also providing electronic voting facilities for its members, with remote e-voting commencing on August 30, 2026, and concluding on September 1, 2026. The cut-off date for entitlement to vote is August 26, 2026.

Cosmic CRF Ltd has informed the stock exchange about significant financial transactions related to the Corporate Insolvency Resolution Process (CIRP) of M/s Amzen Transportation Industries Private Limited. The company has deposited ₹31.60 Crores via RTGS on August 6, 2026, as payment for Secured Financial Creditors (UCO Bank & Prudent ARC). Additionally, a Bank Guarantee (BG) for ₹28.40 Crores was issued on August 7, 2026, serving as Performance Security Deposit. These payments and issuances total ₹60 Crores, fulfilling the security deposit requirements as per the Letter of Intent (LOI) dated July 30, 2026, received from the Resolution Professional.

Cosmic CRF Ltd has issued a revised outcome of its Board meeting held on August 3, 2026, to correct a typographical error in Annexure I. The error pertained to the post-issue shareholding of M/s. AVB Endeavors Private Limited, which was incorrectly stated as 5,54,143 equity shares instead of the accurate figure of 6,64,125 equity shares. The company clarified that the total number of shares and percentages in the original disclosure were correct. Additionally, Annexure II, containing further information required under SEBI regulations regarding an acquisition, was inadvertently omitted and has now been attached. The preferential allotment involved 7,25,041 equity shares.

Cosmic CRF Ltd has commented on a fine of ₹5,900 levied by BSE Limited for a one-day delay in complying with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay was attributed to a technical glitch in the BSE portal for the half-year and quarter ended March 31, 2026. The company has paid the fine and the Board of Directors has taken note of the incident. Management has been advised to immediately notify BSE of any system-related issues affecting statutory filings.

Cosmic CRF Ltd's Board of Directors met on August 3, 2026, approving several key strategic initiatives. These include the preferential issuance of up to 7,25,041 equity shares for the acquisition of 26% stake in N. S. Engineering Projects Pvt. Ltd. via share swap, aiming to make it a wholly-owned subsidiary. The board also approved the migration of the company's shares from the BSE SME Platform to the Main Board of BSE and NSE. Additionally, borrowing limits are proposed to be increased from ₹200 crore to ₹1,000 crore, and the company may provide loans, guarantees, or investments up to ₹1,000 crore. Shareholder approval will be sought for these proposals at an upcoming EGM on September 2, 2026.

Cosmic CRF Ltd has received a Letter of Intent (LOI) dated July 30, 2026, from the Resolution Professional (RP) of M/s Amzen Transportation Industries Private Limited. This follows the approval of Cosmic CRF's resolution plan by the Committee of Creditors (CoC) in the Corporate Insolvency Resolution Process (CIRP) of Amzen Transportation. The acquisition is subject to the approval of the National Company Law Tribunal (NCLT). Amzen Transportation is engaged in manufacturing complete railway wagons and has a manufacturing facility in Punjab. This acquisition is strategically significant for Cosmic CRF, aiming to establish a manufacturing base in Northern India and strengthen its pan-India footprint in railway wagon manufacturing.

Cosmic CRF Ltd has announced the closure of its trading window for all designated persons, effective July 29, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain shut until 48 hours after the declaration of the outcome of an upcoming Board Meeting. This measure is standard practice to prevent potential insider trading before significant corporate announcements.

Cosmic CRF Ltd has announced a Board of Directors meeting scheduled for August 3, 2026. The primary agenda items include considering a further issue of equity shares on a preferential basis (for consideration other than cash) to acquire the remaining 26% stake in its subsidiary, M/s. N.S. Engineering Projects Pvt. Ltd., which would make it a wholly-owned subsidiary. Additionally, the board will discuss the migration of the company's equity shares from the BSE SME Platform to the Main Board of BSE Limited and the National Stock Exchange of India Limited, subject to regulatory approvals. The meeting will be held at the company's registered office in Kolkata.

Cosmic CRF Ltd's subsidiary, N. S. Engineering Projects Private Limited, has secured multiple purchase orders from various infrastructure companies totaling ₹157.97 Lakhs. These orders, inclusive of GST, range from ₹2.29 Lakhs to ₹82.84 Lakhs and are to be completed within 1 to 3 months. The subsidiary will be supplying products such as Octagonal Pole Fabricated, Steel Tubular Pole Swaged, and cold-rolled sections. This development signifies continued business activity and order flow for the subsidiary within the infrastructure sector.

Cosmic CRF Ltd has announced the receipt of a significant purchase order valued at ₹292.76 Lakhs (inclusive of GST) from a prominent Railway Wagon Manufacturing company. The order is for the supply of Cold Rolled Formed Section (CRF) for BOXNHLWagons, specifically Single Piece Hat Sections for Centre Sill. The order is to be executed within 12 months. This development is disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is considered a domestic order. The company has confirmed that promoters, promoter group, or group companies do not have any interest in the awarding entity, and it does not fall under related party transactions.